Core Natural Resources, Inc. (NYSE:CNR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have received an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $116.6667.

Several brokerages have recently issued reports on CNR. Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group increased their price objective on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Finally, B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th.

Core Natural Resources Stock Down 0.2%

Shares of CNR stock opened at $83.40 on Friday. The firm has a fifty day moving average of $88.24 and a 200-day moving average of $91.39. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. Core Natural Resources has a 12-month low of $64.57 and a 12-month high of $114.80. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of -68.36 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The company had revenue of $899.48 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $3.39 earnings per share. The firm’s revenue was up 94.7% compared to the same quarter last year. As a group, equities research analysts predict that Core Natural Resources will post 1.7 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is presently -32.79%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GeoSphere Capital Management LLC lifted its stake in Core Natural Resources by 41.7% in the fourth quarter. GeoSphere Capital Management LLC now owns 85,000 shares of the energy company’s stock valued at $7,523,000 after acquiring an additional 25,000 shares during the last quarter. Hosking Partners LLP lifted its stake in Core Natural Resources by 211.5% in the fourth quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock valued at $6,168,000 after acquiring an additional 47,315 shares during the last quarter. Nwam LLC acquired a new stake in Core Natural Resources in the fourth quarter valued at $3,112,000. Victory Capital Management Inc. lifted its stake in Core Natural Resources by 2.2% in the third quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock valued at $47,838,000 after acquiring an additional 12,515 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in Core Natural Resources in the fourth quarter valued at $9,070,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Company Profile

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company’s PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.